Brazil Abandons Fiscal Targets Through 2020 - WSJ

Brazil abandoned its fiscal targets for this year and next, after a bribery scandal sapped President Michel Temer’s ability to push critical economic reforms through Congress and left the public sector with gaping budget hole.

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Brazil's Michel Temer hoped to save his presidency Friday by persuading the corruption-riddled Congress to back him, despite growing calls for his head in the country's explosive new graft scandal. His office said he would start the day by meeting with his defense minister, Raul Jungmann, and...

Brazil's President Michel Temer on Thursday defiantly said he would not resign from office despite a Supreme Court decision authorizing an investigation into allegations he condoned bribery of a potential witness in a major corruption probe.

Non-stop business knowledge Get more on The Bloomberg App The earth is crumbling beneath Michel Temer’s feet. Brazilians reacted with disbelief yesterday after a newspaper reported that their president was caught on tape approving hush money. Temer was allegedly trying to keep an imprisoned...

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